US Q2 GDP headline misses expectation but underlying better

31 July 2015

 

The US Commerce Department released U.S. GDP figures estimates for the second quarter which showed an annual growth rate of 2.3%, lower than the consensus estimate of 2.7%. However, first quarter GDP was revised up to 0.6% for the quarter in contrast to the previous estimate of -0.2%. The US currency reacted by strengthening, usually a sign the currency markets think higher US rates are more likely, although the bond...

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